【Blockchain Rhythm】The Solana ecosystem has maintained strong momentum recently, but not all tokens are rising. The Meme coin PIPPIN has staged a roller coaster performance—surging from $0.35 on January 2nd to $0.53 yesterday, appearing ready to take off, but then suddenly plummeting today, dropping back to $0.34, completely giving back all gains for this month. In just two days, the decline reached 35%, a complete carnage.
As of now, PIPPIN's market cap remains around $340 million. This kind of extreme volatility is actually quite typical—Meme coins are like this, with prices driven entirely by market sentiment and concept speculation, lacking actual product support or genuine use cases. When a wave of hype arrives, more followers push in and prices soar; once the hype fades, the bag holders must face the sharp correction.
For users looking to participate in Solana ecosystem trading, it's important to understand the characteristics of these types of coins